Utah embraces the next step in nuclear energy — fuel
Another nuclear fuel enrichment processing facility is much needed in the United States. The only plant in the country that does this type of sophisticated work is in New Mexico, and it is currently running at capacity.
'Utah is filling the gap of what exists in the energy chain,' said Joel Ferry, the executive director of the Utah Department of Natural Resources.
At a press conference Thursday, the Utah National Guard, Utah Energy and others outlined the plan to put Utah on the map as a major player in the nation's energy sphere — especially when it comes to next generation nuclear technology.
'We have to be ambitious because we are so far behind,' said Drew DeWalt with Utah Energy. 'We've been working around the margins.'
DeWalt added: 'We are in a business of chance. ... We do not want to be flatfooted.'
Emery, Grand, Carbon, Wayne and San Juan counties are full of uranium deposits. Utah is also home to the only processing mill for uranium — White Mesa in Blanding — but it does not take the uranium and turn it into fuel there.
DeWalt said the uranium deposits in Utah put the state in an enviable position. But, unlike Europe and elsewhere, the United States has been hesitant to take up this new energy source, despite receiving 20 percent of its power from old-school nuclear power plants.
'Nuclear has not been a growth industry for a lot of decades, but it felt like a ground shift about three years ago,' DeWalt said. 'You should want this, but it is 'no we are good.' The energy need is so important in every state.'
What is proposed to happen at Camp Williams is the task of taking that uranium and refining it for fuel in the advanced nuclear reactors.
The Idaho National Laboratory describes HALEU as high-assay low-enriched uranium.
'HALEU fuel has some big advantages over conventional light water reactor fuel including longer cycle times in reactor, less waste production and less downtime for refueling.
'With HALEU, advanced reactors can get increased fuel in-core lifetimes because you have higher enrichment,' said Adrian Wagner, a metallurgical engineer and INL's Advanced Manufacturing group lead. 'In simple terms, higher enrichment means more uranium-235 atoms in each pellet.'
The U.S. Department of Energy warned last year that the Russian war with Ukraine will drive the need for the development of this fuel.
Russia has roughly 44% of the world's uranium enrichment capacity and supplies approximately 35% of our imports for nuclear fuel.
The transition away from Russian-sourced fuel will not happen overnight.
'The Department of Energy estimates that U.S. utilities have roughly three years of LEU (low enriched uranium) available through existing inventory or pre-existing contracts. To ensure our plants do not experience any disruptions, we're creating a waiver process to allow some imports of LEU from Russia to continue for a limited time,' the agency said.
When questioned about safety, DeWalt and others said this material already travels along the I-15 corridor, and environmental and safety protocols will be strictly followed should the project come to fruition.
Ferry said this agreement, which will go through several public hearings and is slated to be discussed next week at interim legislative committee meetings, will be vetted and rigorously scrutinized.
He talked about Operation Gigawatt, an initiative announced last year by Utah Gov. Spencer Cox to double energy production in the state in 10 years.
Utah is no longer coloring outside the lines or dabbling in what could be a clean, renewable energy resource to sustain the grid, he added. Utah, he emphasized, is committed because it has to be.
'Utah has always been a leader,' he said. 'Operation Gigawatt builds on our ecosystem' of energy.
As it is with most projects, a fuel processing facility at Camp Williams will have to go through a lengthy environmental review process as well as the scrutiny of licensing via the U.S. Nuclear Regulatory Commission.
DeWalt stressed that should this come to pass, residents in southwest Salt Lake County are not going to see giant smokestacks spewing steam. This will look like any other warehouse, but it will pump up Utah's economy and make the state an energy pioneer.
The future, he emphasized, is coming — via clean, baseload energy that despite what critics say can be safe.
DeWalt spent his early career working on nuclear submarines. The USS Nautilus, launched in 1954, was the world's first nuclear-powered submarine. Its successful operation demonstrated the capability and viability of nuclear power for submarines, creating a path for more advanced nuclear-powered vessels.
'I would not be doing this if I did not think there were going to be advanced reactors in every community,' he said.
The Office of Energy Development under Ferry is on board to pursue this venture and wants the Utah community to learn more and become engaged in the science.
'This is generational,' Ferry said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Exchange Bank Promotes Jamie Hidalgo to Senior Vice President, Risk Management
SANTA ROSA, Calif., August 05, 2025--(BUSINESS WIRE)--Exchange Bank (OTC: EXSR) is pleased to announce the promotion of Jamie Hidalgo to Senior Vice President, Risk Management. Since joining the Bank in March 2021 as Vice President, Risk Management Officer, Jamie has played a pivotal role in transforming the Bank's compliance infrastructure and enhancing its overall risk management framework. With over 22 years of community banking experience, Jamie has consistently demonstrated deep expertise across key areas including regulatory compliance, internal audit, fraud prevention, and third-party risk management. Her previous roles as Head of Compliance, and Compliance and BSA Officer at local institutions have positioned her as a respected leader in the industry. "Jamie's vision and commitment to building a strong risk culture have been instrumental in elevating the Bank's risk oversight and compliance programs," said Shari DeMaris, Executive Vice President and Chief Operating Officer. "Her collaborative leadership style and focus on empowerment align perfectly with the Bank's values and long-term objectives." In her new role, Jamie will continue to lead efforts to strengthen Exchange Bank's enterprise risk strategy, ensuring a forward-looking approach to risk governance and resilience. Jamie holds certifications as a Certified Regulatory Compliance Manager (CRCM) and Certified Anti-Money Laundering Specialist (CAMS) and is actively pursuing her Certified Enterprise Risk Professional (CERP) designation from the American Bankers Association. A hands-on and communicative leader, Jamie is known for her strong coaching skills, cross-functional collaboration, and accountability. She fosters alignment and support within her teams, ensuring the Bank is well-positioned to navigate the evolving risk landscape. Beyond her professional contributions, Jamie remains deeply involved in the community. She currently serves on the board and finance committee of United Cerebral Palsy and has a long-standing commitment to volunteerism, including working with Mentor Me Petaluma and as a graduate of Leadership Petaluma. About Exchange Bank Headquartered in Sonoma County and founded in 1890, Exchange Bank is a full-service community bank with assets of $3.27 billion. Exchange Bank provides a wide range of personal, commercial, and trust and investment management services with 17 retail branches in Sonoma County, a retail branch in Roseville and Trust & Investment Management offices in Santa Rosa, Roseville, Marin County and Silicon Valley. The Bank's legacy of financial leadership and community support is grounded in its core values of commitment, respect, integrity, and teamwork. Exchange Bank is known for its people who care about their customers, their company, and the communities where they live and work. Exchange Bank is a 19-year winner of the North Bay Business Journal's Best Places to Work survey and a 13-time winner of the Best Bank of Sonoma County by the Press Democrat's Readers' Choice 2024 awards. Exchange Bank was named Best Consumer Bank by the NorthBay biz Magazine's Best of the North Bay readers' poll and Best Local Bank by The Petaluma Argus Courier People's Choice Awards 2025. Exchange Bank is also a winner of the 2024 San Francisco Business Times Corporate Philanthropy award, and the Bohemian Magazine's Best of the North Bay 2024 named Exchange Bank Best Business Bank and Best Consumer Bank. Member FDIC — Equal Housing Lender — Equal Opportunity Employer View source version on Contacts Suzanne Knowlton, VP/Director of Marketing & Community RelationsExchange BankPO Box 403Santa Rosa, CA Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
Lucid Q2 earnings preview: Gravity SUV ramp, path to profitability big questions for investors
Pure-play EV maker Lucid (LCID) will report second quarter results after the bell as the company ramps up production of its Gravity SUV and hopes to assuage investors' fears over a lack of profitability. Meanwhile, Lucid stock is down over 20% year to date. Lucid is expected to report Q2 revenue of $262.4 million, per Bloomberg consensus estimates, higher than the $200.6 million reported a year ago. Lucid is expected to post an adjusted EPS loss of $0.22, with an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $603.6 million. The company has had a busy 2025 so far, including the start of low-volume production of the Gravity SUV. Early last month, Lucid said it produced 3,863 vehicles and delivered 3,309 vehicles in the second quarter, with its total for the first half of the year hitting 6,075 vehicles produced and 6,418 vehicle deliveries. Read more: Live coverage of corporate earnings Lucid also announced in July that it would partner with Uber (UBER) to create a robotaxi service run by the ride-hailing company, which will purchase 20,000 Lucid EVs over the next five years. The company also added access to the Tesla (TSLA) Supercharger network for its vehicles, unlocking more than 23,000 new chargers for use. Lucid also initiated plans to perform a 10-to-one reverse stock split, which won't occur until later this year. In terms of guidance, Lucid said in the past that it expects 2025 production to hit 20,000 EVs, more than double the 9,029 it produced last year. The company also said it would launch its upcoming midsize-volume SUV in 2026, which is expected to help the company increase scale and bring it closer to profitability. Profitability is the big question mark for the company. Given its production and expected loss figures, Lucid is expected to post an adjusted EBITDA loss figure of around $161,000 per car produced. On the earnings call, analysts likely will be asking management about how the company intends to bridge itself to profitability in the near future. Rivian (RIVN), for example, has achieved gross profit in its operations. The expected loss of the $7,500 federal tax credit on Sept. 30 is also likely to put a dent in Lucid's sales. Lucid is able to receive the credit for all of its vehicles via a lease loophole known as the "commercial clean vehicle credit." Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram.
Yahoo
18 minutes ago
- Yahoo
Salem Media Group Enters into a Third Amendment to Loan and Security Agreement, dated as of July 28, 2025
CAMARILLO, Calif., August 05, 2025--(BUSINESS WIRE)--Salem Media Group, Inc. (OTCQX: SALM) announced today that the company and certain of its subsidiaries entered into a Third Amendment to Loan and Security Agreement, dated as of July 28, 2025 (the "Amendment") with Siena Lending Group LLC. The Amendment amends the Loan and Security Agreement, dated as of December 26, 2023 (as amended, supplemented or otherwise modified, including pursuant to the Amendment, the "Loan Agreement"), by and among Salem Media Group, Inc. and certain of its subsidiaries as borrowers and Siena Lending Group LLC as the lender. The Amendment, among other things, adds additional real property owned by Salem Radio Properties, Inc. to the collateral under the Loan Agreement, which increases the borrowing base and therefore the amount that the company may borrow under the Loan Agreement. About Salem Media Group Salem Media Group is America's premier multimedia company specializing in Christian and conservative content. Through its national radio network, digital platforms, and publishing brands, Salem reaches millions daily with powerful content that drives the national conversation. Learn more at View source version on Contacts Company Contact:Sara BroadwaterPublicity@ Sign in to access your portfolio